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  • US "Fiscal cliff" talks stalled, House to vote on "Plan B"

    From cbsnews.com

    The GOP-controlled House is moving ahead Thursday on a bill that would raise taxes on people earning over $1 million a year, sparing most workers from a tax hike but leaving in place painful budget cuts to the military and domestic agencies as "fiscal cliff" talks appear stalled. The move, dubbed "Plan B" by House Speaker John Boehner, R-Ohio, seems to be aimed at upping the year-end pressure on Capitol Hill Democrats and President Barack Obama, but it looks to be a dead letter in the Senate and earned a White House veto threat Wednesday. Does Boehner's "Plan B" have the votes to pass? White House vows veto of GOP's ... (full story)

If plan B come into effect, how could it impact Gold.
Too Bad John Boehner Still Obama win it
Quoting Paras4you
If plan B come into effect, how could it impact Gold.
A and B, there is no plan. Plan C is. C = no deal.
Quoting Sanguis
A and B, there is no plan. Plan C is. C = no deal.
Hahaha that's true mate, b4 I was gonna say that Plan C= No Deal
Quoting Sanguis
A and B, there is no plan. Plan C is. C = no deal.
And wht would happen to gold with Plan C
it will going to south
Continue to south !! Gold meet bear
Quoting k3nshinz3139
Continue to south !! Gold meet bear
You are saying it would go to south, than why asking other tht if you should close your short in another forum

http://www.forexfactory.com/showthread.php?t=393024&page=135
Quoting Paras4you
You are saying it would go to south, than why asking other tht if you should close your short in another forum

http://www.forexfactory.com/showthre...93024&page=135
This question I need to get another support from professional..
Quoting k3nshinz3139
This question I need to get another support from professional..
So if you yourself is asking for support from professional than please dont comment blankly tht if a pair is going down or up.
Quoting Paras4you
So if you yourself is asking for support from professional than please dont comment blankly tht if a pair is going down or up.
Anyhow.. Every trader should follow their trade plan.. What we comment just a suggestion.. Even the best analyst will make mistake too.. I just believe my own plan.. Even people reply my question is negative I still follow my plan
Quoting Paras4you
If plan B come into effect, how could it impact Gold.

It is a general rule that gold operates inversely in relation to the US dollar. If the dollar is down, gold is up as other currencies are now stronger than the dollar and can therefore acquire more gold for the same cost – therefore this increases demand for gold; and visa-versa.

This means that you can get a reading on the direction that gold is likely to move in by monitoring for big moves in the forex markets - as forex moves precursor those in gold.

Gold acts like a currency in its own right and, as it’s priced in dollars, it makes sense to think of its “exchange rate” being that of its current price for an ounce of gold.


Because I can now buy more gold for the same amount of money it represents a better investment and so I’m all over it it…but so is everyone else who is holding £’s (or whichever currency has advanced against the USD) and so very quickly the price of gold increases due to increased demand. Simple economics.
With the current QE progrma in place...the FED and Obama are trapped......I cant understand how the general trading public could allow this side show to effect their decisions.

Its impossible to imagine....after all this....that Obama and Bernanke press will allow this to derail U.S recovery attempt - no matter how futile.
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  • Posted: Dec 20, 2012 7:44am
  • Submitted by:
     Newsstand
    Category: Fundamental Analysis
    Comments: 13  /  Views: 3,378